News

Revenues from the export of fruits and nuts from Ukraine jumped by nearly 50 percent

Ukraine
Market & Price Trends
Published Apr 21, 2024

Tridge summary

In the first quarter of 2024, Ukraine experienced a notable surge in its fruit and nut export revenue, which increased by 47% to $87 million, led by the export of walnuts, frozen strawberries, and apples and pears. Despite this positive trend in the fruit and nut sector, the country's overall income from agricultural production witnessed a slight decline of 4%, totaling $6.5 billion. The European Union continues to be the largest market for Ukrainian agricultural products. However, with impending EU restrictions on certain exports, the Ukrainian Association of Agricultural Exports advises exploring and diversifying into new markets in Africa, the Middle East, and Southeast Asia to counter potential financial impacts.
Disclaimer: The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

In the first 3 months of 2024, the revenue from the export of fruits and nuts from Ukraine increased by 47% compared to the same period last year to 87 million dollars, according to data of the Ukrainian State Customs Service, cited by the AgroTimes electronic publication. According to information from the Ukrainian Agricultural Export Association, the highest revenues for companies in the branch at the beginning of 2024 will be provided by walnuts with 38 million dollars, frozen strawberry crops and fruits with 20 million dollars, as well as apples and pears with 11 million dollars. dollar. At the same time, the results of exports of pods and nuts from Ukraine differ from those of the entire agricultural production, the income from which decreased in the first quarter on an annual basis by 4% to 6.5 billion dollars. The association points out that most commodity groups, as well as individual products with high added value, achieved growth in export indicators in the January-March ...
Source: Sinor
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